Are you planning a fitness retreat in Thailand? Or maybe you want to start your own yoga retreat.
If so, remember, “well, you will probably need to have an international bank account to fund your Absolute Sanctuary.” The truth is that your local bank has a very limited ability to fund your business venture. Don’t expect them to be able to fund a large-scale fitness retreat like yours in Thailand.
That is the reason why many businesses choose to lease their space out to many agencies, which then provide them with free use of their gym, spa, or fitness center, while also paying for all the business activities like bill paying, office rent, etc. These companies pay for all the activities, including their employees’ time.
Instead of making the payments by hand in cash, they prefer to pay in the form of their money via some electronic payment, such as checks made electronically. However, some businesses decide to pay for their activities in Thailand by using the services of a money transfer agency, which will wire their money into their account. Once the funds are transferred to their account, they can pay for their Thai massage classes and Yoga retreat.
However, this method, called Money Transfer Agency (MTA), does not cover all transactions. For example, some ATM machines won’t accept the ATM transactions by the MTA. Besides, even if they manage to get the money from the MTA, their account may be declined since it is an automated transaction.
Therefore, another option is to use a money transfer agency that will provide their clients with their account number and will go through the procedure for their transactions. The beauty of the money transfer service is that these agencies will either deposit their clients’ money directly into their clients’ accounts, or they can actually transfer it from one account to another.
In choosing a money transfer agency, you should check whether they have a large range of clients. This is because you might find yourself transferring money to many clients of a money transfer agency. In addition, you should choose the agency that has some good customer testimonials.
When you have a few things in mind, it is time to start looking for money transfer agencies in Thailand. If you have never done something like this before, you might find it hard.